Prime Drink Group Announces Private Placement

Executive Summary

• PrimeDrink Group Corp. is launching a non‑brokered private placement of Units priced at $1,000 each, targeting gross proceeds between $300,000 and $5,000,000.
• Each Unit consists of 16,667 common shares (deemed price $0.06 per share) and 16,667 transferable warrants exercisable at $0.06 per share for three years.
• Net proceeds will be used to develop the business and for general working capital; a cash finders’ fee of 6% of proceeds will be paid to any introduced investors.

Key Details

• Offering Size: Minimum gross proceeds $300,000; maximum gross proceeds $5,000,000.
• Unit Price: $1,000 per Unit.
• Composition of Each Unit:
• 16,667 common shares (aggregate minimum 5,000,000 shares, maximum 83,333,333 shares).
• 16,667 transferable share purchase warrants (aggregate minimum 5,0 00,000 warrants, maximum 83,333,333 warrants).
• Warrant Terms: Right to purchase one common share at $0.06 per share for a period of three (3) years from issuance.
• Deemed Share Price: $0.06 per common share.
• Finders’ Fee: Cash fee equal to 6% of proceeds received from subscribers introduced by arm’s‑length finders.
• Regulatory Basis: Private placement relies on exemptions from prospectus requirements; subject to CSE and other regulatory approvals.
• Resale Restrictions: Hold period of four months and one day from issuance, per Canadian securities law.
• Use of Proceeds: Development of PrimeDrink’s business operations and general working capital purposes.

Notable Quotes

(No executive quotes were provided in the release.)